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The Economic Times
The Economic Times
Business

Charting the Global Economy: US CPI softens, UK economy expands

United States United Kingdom the Federal Reserve Europe France Inflation

Underlying US inflation showed few signs of accelerating in July as the energy-price shock from the war in Iran continued to fade, reinforcing the case for the Federal Reserve to hold off on interest-rate hikes in the near term.

Economies in Europe continued to show resilience, with the UK expanding in June and France also expected to maintain its momentum this quarter.

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